Global Equities
Two sub-funds have been established for investments within the Global Equity Asset Class with initial investment value of £3.9bn.
Global Growth Fund
Global fund consisting of three underlying investment managers
Investment Manager: Link
Underlying Investment Managers: Baillie Gifford, Veritas and Pzena
Participating Funds: RCT, Dyfed, Gwynedd and Powys
Portfolio Value: £2bn
Launch Date: January 2019
Global Opportunities Equity Fund
Global & Regional fund consisting of seven underlying investment managers
Investment Manager: Russell Investments
Underlying Investment Managers: Morgan Stanley, Numeric, Sanders, Jacobs Levy, SW Mitchell, NWQ and Oaktree
Participating Funds: Swansea, Torfaen, Gwynedd, RCT and Clwyd
Portfolio Value: £1.9bn
Launch date: January 2019